Additional European Equity News

Anglo American (AAL LN) - Co. announces a definitive agreement to implement a joint mine plan with Codelco for their Los Bronces and Andina copper mines. (Anglo American)

B&M (BME LN) - Co. appoints Atheeq Akbar as CFO, effective February 2027. (B&M)

Berkeley (BKG LN) - FY 2026 (GBP): Revenue 2.38bln (exp. 2.28bln), pretax profit 451.4mln (exp. 451.6mln, guided 450mln). States that focus on cash generation will provide opportunity for enhanced share buybacks. (Berkeley)

KNDS - Co. formally files IPO of shares in Paris and Frankfurt, with Germany agreeing with Wegmann to acquire a 40% stake. Investor education is to start June 24th. Additionally, Politico reports that the German Budget Commission will decide on Friday (prev. guided Wednesday) on the government's investment in KNDS. (KNDS/Politico)

Pets at Home (PETS LN) - Co. begins GBP 50mln share buyback. (Pets at Home)

Santander (SAN SM) - Expansion reports that the co. is mulling up to 3k early retirements in Spain, citing AI shifts. (Expansion) 

Segro (SGRO LN) - Co. rejects an offer of GBP 9.25/shr from Prologis in an all-stock deal valued at GBP 12.6bln. (Segro)

STMicroelectronics (STMPA FP) - Co. launches its ST54M secure mobile chip with post-quantum cryptography for next-generation connected services. (STMicroelectronics)

EU Drugs - Germany said to stock to plan for cuts in drug prices, despite US probe announced on Friday. (Bloomberg)

BAE Systems (BA/ LN) upgraded to Buy from Hold at Kepler Cheuvreux.

BT Group (BT/A LN) initiated with Hold at Kepler Cheuvreux.

Givaudan (GIVN SW) upgraded to Neutral from Sell at Kempen.

Telecom Italia (TIT IM) downgraded to Hold from Buy at Kepler Cheuvreux.